Joint venture push in Taiwan

Google Translate

Total Industrial, the Taiwanese agent of Danish turbine manufacturer Vestas, has joined forces with Japan's Toyota Trading Group to form a joint venture distribution company in Taiwan. Total owns 50% of the new company, Vestech Taiwan Corporation. The remaining 50% is owned by companies in the Toyota Trading Group, including Toyota Trading Corp, Vestech Japan, and Chen Tai Fong Company in Taiwan.

Total Industrial has been Vestas' agent in Taiwan for more than ten years and has so far sold two 1.75 MW Vestas turbines to a paper mill in Hsinchu, four 660 kW machines to Formosa Heavy Industry, and most recently six Vestas 600 kW units for utility Taipower. The company has also been working on a possible offshore project with Formosa Plastic Group for several years. If the project proceeds, it could see 20-30 Vestas 2 MW turbines installed, but first the government must decide if it will support the plan .

The joint venture comes as Taiwan's wind development program begins to gain momentum. Total Industrial wants to strengthen its sales and technical service in Taiwan, says the company's Joseph Huang. "We want to copy the success of Vestas in Japan by gaining know-how from the Toyota Trading Group," he adds. To this end, Vestech Taiwan is participating in tenders issued by Taipower, which aim to see around 200 MW of wind projects developed by 2007.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Windpower Monthly Events

Latest Jobs